How to Get Approved for a Bad Credit Auto Loan

Even with poor credit there are ways that you can increase your chances of qualifying for approved auto loans

Why we know

Getting back on your feet after a financial setback such as a job loss can be difficult enough even with good credit, but if you have bad and you need one of those horrible credit auto loans you may have heard of, it can be an even bigger problem

We know, because Auto Credit Express has helped bad credit buyers for over two decades. We've helped hundreds of buyers get approved auto loans while showing them how to avoid a tote the note dealer (outside our retail areas you can fill out an online auto loans application and get directed to the right dealer) and teaching them about which bad credit car to choose (to avoid repossession).

You should also be aware of the fact that, on your own, you may not be able to find a dealer in your area that offers bad credit car sales.

Finding the right dealer

With bad credit, one of the biggest obstacles to getting an approval is locating a dealer that offers terrible credit auto loans. While many dealerships advertise this service, many of them are buy here pay here and tote the note dealers.

These dealers may be able to put you in a car, but most won't report your loan or payments to the credit bureaus. This means that you'll have car, but your FICO scores probably won't improve and you'll be in the same situation the next time you need a car loan.

Another reason you should think twice before going to an in-house financing dealer is that most of these buy here pay here used car lots are not affiliated with a new car franchise. This means that their inventories usually consist of older, high-mileage cars that, because of their age and mileage, are often unreliable.

On the other hand, many new car dealers don't want to get involved with terrible credit car loans. Unlike regular new car financing, dealing with these lenders requires special training for dealership employees. Dealers also need to stock the right age and mileage vehicles. As a result, many new car dealers have neither the time nor the patience to maintain a special finance department and maintain the right kind of inventory for bad credit customers.

How web sites like Auto Credit Express can help

The internet has changed the way good and bad credit customers buy cars. Web sites, such as ours at www.autocreditexpress.com, can match the needs of bad credit customers with dealers that specialize in bad credit auto loans. These dealers use a wide range of lenders that will report your payments to the credit bureaus and offer you a number of advantages over a tote the note dealer:

1. You will be able to choose a vehicle from a much larger inventory.

2. Because of lender requirements, these vehicles are either new cars or newer used cars with lower miles.

3. Most of these vehicles are eligible for a service contract that often covers the entire loan term, helping you avoid potentially high repair bills.

4. With payments reported to the credit bureaus, you can improve your credit history and raise your credit scores.

Apply with us

Auto Credit Express has helped thousands of people with bad credit buy cars and reestablish their auto credit.

You can begin the process by filling out our secure online bad credit car loan application right now.

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